For Sale £575,000 Freehold - Investment
Fronting onto The Broadway in the centre of Broadstone, a popular commercial and shopping district within the Poole/Bournemouth/Christchurch conurbation. Nearby are national as well as local shops including Costa Coffee, Boots, Tesco Express, Marks & Spencer food hall, Lloyds Pharmacy and some of the national high street banks.
Three storey building with brick elevations under a pitched hipped concrete tile roof and further single storey ancillary accommodation at the rear, comprising brick elevations under a flat roof.
The property comprises two double shop units on the ground floor, a maisonette and hair salon at first floor and ancillary/storage accommodation to the rear. There is also a rear car parking area.
TENANCY SCHEDULE & ACCOMMODATION
1. 189 The Broadway (occupied by G&T World of Cards – Long Leasehold)
Let to an individual on a full repairing and insuring lease for a term of 99 years from 25th December 1958 (approximately 39 years remaining). The rent is £300 per annum which is fixed for the duration of the term.
Retail Floor Area 2,288 sq ft (212.56 sq m)
Rear Storeroom 550 sq ft (51.15 sq m)
Side Offices/Workshop 774 sq ft (71.9 sq m)
First and Second Floor Maisonette
We understand the accommodation comprises 3 double bedrooms and 2 reception rooms.
2. Land at Rear of 189a & 189b The Broadway
Let to an individual on a 99-year lease from 25th December 1959 (approximately 40 years unexpired). The rent is £50 per annum fixed for the duration and the lease is on full repairing and insuring terms.
3. 189a&b The Broadway
Let to White Daisy Catering Ltd. for a term of 10 years from 30th June 2015, at a rent of £24,000 per annum. The lease is on full repairing and insuring terms and includes a rent review and tenant break on 30th June 2020.
Restaurant Area 779 sq ft (72.37 sq m)
Store/Kitchenette 51 sq ft (4.74 sq m)
4. Maisonette over 189a&b The Broadway
Let to an individual on a 12-year full repairing and insuring lease from 8th February 2007 at a current rent of £13,100 per annum.
567 sq ft (52.68 sq m)
2 Treatment Rooms
412 sq ft (38.28 sq m)
We understand that mains drainage, water, electricity and gas services are available and linked to the premises.
The property is currently used for A1 Retail and a café/restaurant on the ground floor and a hairdressing salon and residential on the first floor. Interested parties should make their own enquiries of the local planning authority in respect of their intended use.
The property is assessed for business rates as follows:-
189 Lower Blandford Road (Shop & Premises) – RV £33,000
189a & b Lower Blandford Road (Restaurant & Premises) – RV £20,500
First and Second Floor, 189a Lower Blandford Road (Hairdressing Salon & Premises) – RV £11,500.
We understand the maisonette at 189b Lower Blandford Road is assessed at Council Tax Band ‘D’.
Lease details available on request.
189 The Broadway (retail shop) – energy performance Band C.
189a & b The Broadway (restaurant) – energy performance Band D.
189a The Broadway (hair salon) – energy performance Band D.
189b The Broadway (residential) – energy performance Band E (potential Band D).